Friday, July 24, 2020

Charts #32: COVID Market and Currency Impact

COVID-19's impact on the markets and currencies provide interesting perspectives. Tech stocks has completely outperformed as social distancing forced people to carry out more activities online. Nasdaq zooming passed its all-time high is exemplary.

Source: Asian Nikkei Review

The impact on currencies tell two tales. Developed markets are doing much better than emerging markets. The virus does differentiate. If you live in a developing country, with poorer social infrastructure, chances of death is that much higher. The economies of weaker countries will find it harder to come back after the coronavirus crisis.

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